Block Of Flats, 255 sqm, Kaisariani

In Kaisariani, next to the Analipsi area and within a short distance of Skopeftirio Park, a property with a total surface area of 255 sq.m. is offered for sale on a 181 sq.m. plot, consisting of multiple residential units and offering a variety of investment and development opportunities.

The property comprises a 68 sq.m. ground-floor residence, a 27 sq.m. auxiliary building with a kitchenette, which can be used as a storage or support space, an 81 sq.m. first-floor residence, currently operating as a single unit but featuring two independent entrances and the potential to be divided into two separate residences of 40 sq.m. and 41 sq.m., as well as a 78 sq.m. second-floor apartment. In addition, the property benefits from a private rear courtyard, a particularly rare feature for the area.

The building was constructed gradually between 1950 and 1958, while the second-floor apartment underwent a complete renovation in 2010. All residential units feature autonomous oil heating with individual consumption meters, while the natural gas network has already reached the neighborhood, allowing for future upgrades.

The property presents significant investment potential, as with the appropriate renovation and reconfiguration it can accommodate up to five independent residential units, suitable for long-term rentals, smart living concepts, student accommodation, or short-term rental use, depending on the investor’s strategy and market conditions.

The location is one of the property's key advantages, combining proximity to Skopeftirio Park of Kaisariani, easy access to Athens city center, and immediate access to schools, shops, public transportation, and everyday amenities. The area enjoys consistently strong residential demand and increasing investor interest in income-producing real estate.

Furthermore, the property offers considerable future development potential, as it is situated on a 181 sq.m. plot with a Floor Area Ratio (FAR) of 3.0 and 60% site coverage. The maximum permitted buildable area is approximately 543 sq.m. of main-use space, providing the opportunity for future redevelopment and the construction of a new residential building, subject to applicable planning regulations.

This is a rare opportunity that combines immediate utilization, multiple development scenarios, and strong long-term value appreciation potential in one of Athens’ most dynamic residential areas.